Goldman Sachs recently launched a sustainable finance-focused unit that will serve as a centralized resource to guide other divisions of the company regarding knowledge, skills, and input related to environmental, social, and governance (ESG) investing. This unit won’t replace any of Goldman’s current ESG functions or initiatives, but instead will […]
As an impact/ESG investing firm, CCM not only requires its investments to make an impact and improve surrounding communities, but it also asks its employees to live by the same principles. As an intern this summer, I had the opportunity to adhere to those principles – including committing to recycling, […]
Impact investing has grown exponentially in recent years, and it does not seem to be slowing down any time soon. According to Morningstar, ESG funds in the U.S. have attracted $8.4 billion in just the first half of 2019 – already shattering the previous annual record of $5.4 billion in […]
One hundred years ago, Icelandic glacier, Okjökull, was 50 meters thick and covered almost 6 square miles1. In 2014, it became the first glacier that Iceland has lost to climate change – but environmentalists are making sure that it will not be forgotten. Members of the Icelandic Hiking Society and […]
Ever since I was young, I have always been eager to explore, whether it was running outside or learning a new subject at school. Now as an undergraduate student at the University of Michigan Ross School of Business, the newest thing I am exploring is career options. I constantly hear […]
Today, many of the world’s largest private and public organizations support a mission to work on solving the world’s most prominent problems. This includes helping to fight poverty, advocating for human rights, and protecting the Earth’s climate. However, the question arises, are these large organizations are doing enough? Are we […]
The Global Impact Investing Network (GIIN) is a nonprofit organization that aims to spread awareness and increase effectiveness of impact investing worldwide. The GIIN builds critical infrastructure and supports activities, education, and research that helps accelerate the development of a coherent impact investing industry.1 Every year, GIIN releases their Annual […]
As a member of the so-called “Gen Z”, I hear comments every day about the trends and characteristics of my generation. An increasingly popular movement amongst my younger age group revolves around making positive change – whether through volunteering, creating social awareness, or charitable donations.
The Community Reinvestment Act (CRA) is a federal law enacted in 1977 to encourage banks and depository institutions to meet the credit needs of the communities in which they do business, including low- and moderate-income (LMI) neighborhoods. On the investment test, CRA credit typically requires investing in an institution’s nearby […]
In the past year, many major U.S. cities have reported significant progress in housing for their homeless.1 While homelessness has been on the decline nationally, the trend, unfortunately, does not hold true in several major cities. In Los Angeles, the number of homeless people increased by 12 percent in LA […]
